USPS Collapsing?
Latest news; USPS may fall victim of the economy and wither away.
Not really news to those thinkers who realize email has cut a serious chunk of USPS income. The recession is taking another big bite. Who knows what lies down the road. Ralphael, the OLd one |
USPS Collapsing?
Sir F. A. Rien wrote: My flood of unwanted bulk mail has diminished markedly over the past 6 months. Yippee! Mine hasn't! Boo, hiss! And isn't "unwanted bulk" redundant in this case? Bill |
USPS Collapsing?
"Ralphael1" wrote in message
... Latest news; USPS may fall victim of the economy and wither away. Not really news to those thinkers who realize email has cut a serious chunk of USPS income. The recession is taking another big bite. Who knows what lies down the road. Ralphael, the OLd one No problem with the USPS, that is "currently a quasi-agency or department of the United States government ", Ralph. It hasn't to be officially saved (buyout-ed). "Presently, the USPS is the third-largest employer in the United States (just behind the Department of Defense and Wal-Mart), and operates the largest civilian vehicle fleet in the world, with an estimated 170,000 vehicles. It has been estimated that if the USPS were a private corporation, it would be the tenth largest company in the nation. The USPS delivers over 200 billion pieces of mail annually to over 140 million homes and businesses, and is by far the largest postal service in the world. " http://www.usjunkmail.com/consumer/history.aspx Thanks to its status, it won't be ever necessary "to place (USPS) into conservatorship", like happened on Sept. 7, 2008 to the government sponsored enterprises Fannie May and Freddie Mac. "Fannie Mae was established in 1938 as a mechanism to make mortgages more available to low-income families." "Freddie Mac (FHLMC - Federal Home Loan Mortgage Corporation), is an insolvent government sponsored enterprise (GSE) of the United States federal government. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US." http://en.wikipedia.org/wiki/Fannie_Mae http://en.wikipedia.org/wiki/Freddie_Mac I wonder if these enterprises appeared on the USPS stamps. -- Victor Manta (just back from SNA) ---------------------------------------------------------------------------- Philatelic Webmasters Organization: http://pwmo.org/ Art on Stamps: http://artonstamps.org/ Romania by Stamps: http://marci-postale.com/ Communism on Stamps: http://reds-on.postalstamps.biz/ Spanish North Africa: http://www.sna-on.postalstamps.biz/ ---------------------------------------------------------------------------- |
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